Netflix’s stock was sent soaring today after word got out about a major license deal the company signed with Hollywood studio Warner.
Under the new deal, Netflix will get streaming access to previous seasons of eight current and upcoming Warner shows. Series include the hit Revolution, along with Political Animals, Longmire, 666 Park Avenue, Chuck, Fringe, The West Wing, and the upcoming The Following.
Ted Sarandos, chief content officer with Netflix, said the following about the new deal:
“This unprecedented agreement brings to Netflix members earlier and more exclusively than ever before complete previous seasons of some of the most prominent and successful shows on network and cable television . . . Through deals like this, Netflix is making the production economics right for the continued creation of the kind of compelling serialized dramas and thrillers that our members love.”
Bruce Rosenblum, president of Warner Bros. Television Group, was similarly effusive:
“SVOD has become an important window for our serialized dramas, allowing viewers a chance to discover a series that before might have been intimidating to tune into mid-run . . . We continue to adapt our business models to include SVOD when it makes sense for the long-term value of each show and are thrilled to have Netflix as one of our distribution partners.”
Are you excited about some of the Warner content that is coming to Netflix?
[via Home Media Magazine]